Quality of the finishesHigh-efficiency furnacesUpper-level sidingStorage shedPaved parkingMain-floor air conditioningWater heater owned
7.3% cap. Most fourplexes that come up need something: units to renovate, rents to catch up, or a hydro bill you inherit. This one needs none of it. All four units are renovated, leased, and separately metered, so tenants carry their own power and your operating exposure stays where you can predict it. The quality of the finishes is why it leases the way it does. Units get picked up quickly and no more vacancy, which is the difference between a building that runs itself and one that runs you. The capital cycle is finished. Roof 2019. High-efficiency furnaces and attic insulation 2020. Roof and eave heating cables 2021. Concrete collar, upper-level siding and storage shed 2022. Paved parking and main-floor air conditioning 2023. Water heater owned, not rented. Solid brick construction, zoned Fourplex, with four parking spaces, shared basement laundry and private entrances for the main-floor units. The businesses of Downtown Orillia, waterfront boardwalk, scenic trails and Lakehead University are all a walk away, which is what keeps the tenant pool deep and the units full.
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Zillow last checked:
Listing updated:
Listed by:
Real Broker Ontario Ltd.
Source: TRREB,MLS®#: S13638498Originating MLS®#: One Point Association of REALTORS
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 4
Bathrooms: 4
Bedroom
Level: Main
Dimensions: 3.35 x 3.25
Bedroom 2
Level: Main
Dimensions: 2.72 x 3.3
Bedroom 3
Level: Second
Dimensions: 3.48 x 3.78
Bedroom 4
Level: Second
Dimensions: 3.45 x 3.05
Kitchen
Level: Second
Dimensions: 2.44 x 2.13
Kitchen
Level: Second
Dimensions: 1.88 x 2.41
Kitchen
Level: Main
Dimensions: 2.3 x 2.4
Kitchen
Level: Main
Dimensions: 2.11 x 2.39
Living room
Level: Second
Dimensions: 3.45 x 3.45
Living room
Level: Main
Dimensions: 3.63 x 3.25
Living room
Level: Second
Dimensions: 3.53 x 4.24
Living room
Level: Main
Dimensions: 3.38 x 3.3
Heating
Forced Air, Gas
Cooling
Wall Unit(s)
Appliances
Included: Water Heater Owned
Features
Primary Bedroom - Main Floor, Separate Hydro Meter
Flooring: Accessory Apartment
Basement: Unfinished,Full
Has fireplace: No
Interior area
Living area range: 1500-2000 null
Property
Parking
Total spaces: 4
Parking features: Private
Features
Stories: 2
Patio & porch: Deck, Patio, Porch
Exterior features: Landscaped
Pool features: None
Lot
Size: 4,550 Square Feet
Features: Arts Centre, Park, Place Of Worship, Public Transit, Rectangular Lot